SCAMS Watchlist

Scam List

We recommend that you avoid Trade24 at Trade-24.com for the time being. We and others have given this broker every opportunity to respond and defend itself, but the management team has chosen to remain mute. As the regulators have already warned, proceed with extreme caution when dealing with Trade24. If you are a client, it is time to look elsewhere and to withdraw your account balance, if at all possible.

Apparently, InstaForex is just one more highly questionable forex broker which takes advantage of the lack of regulation in the forex market, as well as people’s reluctance to go to the trouble of getting their money back.

Stay Away From Sigma Forex
Basically, the last-quoted statement on Sigma Forex’s archived website says it all. Not only is the safety of your funds not guaranteed with this broker, but “Nobody can guarantee profits” is probably the most accurate statement on their no-longer active website.

Nevertheless, many people who had accounts with Crown Forex were probably put off of trading forex for eternity after placing their life savings into a forex trading account with the ill-fated broker.
Suffering this kind of gut-wrenching loss just does not sound like fun, so remember to research your forex brokers very well, or your money might grow legs and walk away as the scammed account holders at Crown Forex have now discovered is entirely possible even if the broker does have a fancy Swiss address.

Most likely, ForexMacro is simply another failed HYIP/Ponzi scheme that has taken the deposits of the unwitting investors who sunk their hard-earned money into their too-good-to-be-true “investment plans”. Overall, ForexMacro presents a classic example of why investors should avoid putting their funds into such high-yield investment plans.

The Refco scandal cost many people plenty of money. Remember, they were once fairly reputable and even boasted 33% earnings per year and issued millions of shares of stock while their CEO was committing a huge fraud for which he is now serving time. The Refco bankruptcy has taught everyone involved in trading forex a severe lesson.

Another major forex fraud red flag about Cyber Market Group that many of its investors do not seem to have noticed is that the investment firm was not regulated by either the NFA or the CFTC. This lack of official oversight was a clear financial scam warning sign that anyone interested in investing should watch for and avoid.

Although there have been no recent charges levied against Joe Lewis Trading. (also known as joelewis-trading.com, JLTrading.com and Lon-ist investment managers) we feel there are enough earmarks that they may not be a secure and trustworthy broker. As such, we strongly caution against investing with Joe Lewis Trading at this time.

Warning!!! TCM Investments Ltd. of domain name, OptionRally is no longer licensed by the International Financial Services Commission of Belize (IFSC) due to non-compliance to some conditions of the annex attached to the licence granted for trading in securities. Please avoid to trade with Option Rally!!

Forget the fact that they have been around only a couple of months which should be enough to discourage you from investing with them, the fact that there is nothing honest about 53 Option is more than enough proof that this is a scam broker.